My Google Page Rank

Senate moves closer toward approval of bill regulating GOCCs

PDFPrintE-mail

The Senate has moved closer toward the approval of a proposed new legislation seeking to end the reported abuses in government-owned and controlled corporations (GOCCs), advancing one of President Benigno S. Aquino III’s key policies in reforming and rationalizing the operations of state enterprises.

This as the Senate Finance Committee chaired by Senator Franklin Drilon filed a committee report recently to set up a wide ranging reform plan for GOCCs.

The committee report was signed by Drilon, Senate President Pro Tempore Jinggoy Estrada, Majority Leader Vicente Sotto III, Minority Leader Alan Peter Cayetano, Senators Ralph Recto, Teofisto Guingona III, Edgardo Angara, Gregorio Honasan II, Loren Legarda, Francis Escudero, Ramon “Bong” Revilla Jr., Manuel “Lito” Lapid, Manuel Villar, Ferdinand Marcos Jr., Sergio Osmeña III, Pia Cayetano, Francis Pangilinan and Juan Miguel Zubiri.

Under Senate Bill No. 2640 or the GOCC Governance Act of 2011 sponsored by Drilon, new reasonable compensation packages for directors, trustees and employees of GOCCs will be established.

The Governing Commission for GOCCs, which will be created under the proposal, will have the delegated powers of Congress to reorganize the various boards and to set new compensation schemes for the directors and employees, subject to the President’s approval.

“This reform measure is a timely response to widespread criticism over the abuse of public funds by the directors, trustees and even employees of state-owned firms. This landmark legislation is part of our broader effort to put an end to the bleeding of government coffers,” Drilon noted.

The Senate is expected to tackle the measure, with Drilon eyeing its sponsorship in plenary next week.

All GOCC personnel shall be paid just and equitable wages, and generally comparable with those in the private sector, in accordance with the principle of equal pay for work of equal value. Differences in pay shall be based on verifiable Compensation and Position Classification factors in regard to the financial capacity of the government.

No GOCC shall be exempt from the coverage of the new compensation system to be developed by the commission under the proposed legislation.

The monitoring body may also recommend, subject to the President’s approval, additional allowances for certain position titles, giving due consideration to the necessity for such allowances and the good performance of the state enterprise.

The bill’s approval in the administration-dominated Senate would highlight the widespread public frustration with the way state-owned enterprises operate, particularly in granting the members of the governing boards and some officials excessive allowances and bonuses despite the government’s tight fiscal position, said Drilon.

State companies came under scrutiny by Drilon’s committee, which also exposed officials of troubled government firms receiving unwarranted salaries and perks, particularly the Metropolitan Waterworks and Sewerage System when it operated on a negative revenue base but managed to grant generous perks to its employees.

President Aquino indicated that the Drilon bill was discussed during the full Cabinet meeting Tuesday as one of the administration’s priorities, ramping up support for the measure.

Earlier, Drilon said that after floor debates on the bill, the chamber will ask President Aquino to certify the bill as an urgent administration measure to pave the way for its swift approval.

By Jelly F. Musico-PNA




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

FAST & THE FURIOUS… STREETTUNERS AUTOCROSS TEAM ZAMBOANGA

22 Sep 2017 Hits:47 Be the first to comment!

Este clase de desportes el Motor Sports – Autocross /Drifting                               El presidente del organizacion si Sherwin Ebol , Vice president si Vincent Vilanueva y Hary Lim , el maga miembro si Nico Uro, Errol Macatangay, Atty Josh Ramos , Atty Gabriel Cabaron, Marvin Llanos, Kim Julio, Venz Omandan, Sheldon y Allen . Coach diila o el trainor si Vincent, Hart, Sherwin y Nico . Este el ya sabe kita aserca con el grupo sale con el coach/trainor Vincent M. Villanueva. “Ya principia este años pasao cuando el maga miembro como amigo tiene igual alegria yan junto na un tiempo y ya principia entra na competicion de autocross [...] Read more

Prev Next Page:

Mini-grocery loses P.5M to robbers

20 Sep 2017 Hits:89 Be the first to comment!

The Sta. Maria Police (Police Station 7) is now conducting a deeper probe on the robbery of a mini-grocery in Barangay Tumaga, this city, where the sum of P500,000 was [...] Read more


Three hurt including a minor in vehicular incident

20 Sep 2017 Hits:77 Be the first to comment!

Three persons including a minor were injured after they were hit by a motorcycle along MCLL Highway, Barangay Quiniput, this city, last Saturday. Police identified the injured victims as Floribel Perez [...] Read more


SLIPPERY MOVES OF… FLORA

20 Sep 2017 Hits:65 Be the first to comment!

Este si Flora May S. Ceno, ta llama conele Flora , 20 años de edad, residente de Poblacion, Lakewood Zamboanga Del Sur . Su mayores si Rolando M. Ceno y [...] Read more


FIGHTER’S VISION... GHEN YAN

17 Sep 2017 Hits:84 Be the first to comment!

Este si Ghen Yhan Cabayaruz Berdon , su palayao “yan Yan”, 15 años de edad 5’4” el altor, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon , hermano  si [...] Read more


ENDURANCE DASHER … JEK

15 Sep 2017 Hits:99 Be the first to comment!

Este si Jeric Sabungan Gaceta , su palayao “Jek”, 19 años de edad, 5’6” el altor , residente de Barangay Camino Nuevo , Ciudad de Zamboanga . Su mayores si [...] Read more


ROOKIE VISION… PETER

13 Sep 2017 Hits:111 Be the first to comment!

Este si Peter Edward Patual Ignacio , ta llama conele “Peter”, 18 años de edad, 6’3” el altor, residente de Navarro Court Ext, Sta Maria, Ciudad de Zamboanga . Su [...] Read more


BEST OF THE BEST - SILVER…..JELSEA

12 Sep 2017 Hits:105 Be the first to comment!

Este si Jelsea Nicole Batayen Arboiz , ta llama conele “Jelsea“, 13 años de edad , anak di Roger P. Arboiz y Marites A. Batayen , su hermana si Julie [...] Read more


UPRISING GOLDEN ACHIEVER… NICA

10 Sep 2017 Hits:120 Be the first to comment!

Este si Veronica Padillo Sagrado , ta llama conele na palayao “Nica” , 13 años de edad , anak di Ferdinand Elloreg Sagrado  y Marilyn Padillo Sagrado , su hermana [...] Read more


Factory worker nabbed for illegal drugs

07 Sep 2017 Hits:157 Be the first to comment!

A worker at a canning factory was conducted to Police Station 9 after he was caught in possession of a sachet of alleged shabu while entering the premises of Universal [...] Read more


Student stabbed in street brawl

07 Sep 2017 Hits:142 Be the first to comment!

A grade 9 student was rushed to the hospital after he was stabbed during a brawl in Sitio Pasay, Barangay San Roque, this city, Tuesday. Police Station 7, investigator-on-case from the [...] Read more


PANTHER MOVES… VEN VEN

07 Sep 2017 Hits:113 Be the first to comment!

Este si Kaven Repollo Carandang , su palayao “ven ven “, 14 años de edad ,residente de MalasigaTalungan , Barangay San Roque , Ciudad de Zamboanga . Su mayores si [...] Read more


MUAY THAI BRAWLER…. IAN

06 Sep 2017 Hits:121 Be the first to comment!

Este si Prince Ian Cabayacruz Berdon , ta llama conele “Ian”, 14 años de edad, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon . Su hermano si Ghen Yhan [...] Read more


It’s “Business as usual” in ZamPen

06 Sep 2017 Hits:166 Be the first to comment!

Despite the extension of military rule in Mindanao, business remains vibrant in Zamboanga Peninsula. Department of Trade and Industry-9 Regional Director Sitti Amina M. Jain said peace and order remains stable [...] Read more


Swedish national held for questioning

06 Sep 2017 Hits:176 Be the first to comment!

A Swedish National allegedly heading to Basilan Province was prevented from leaving Zamboanga City by personnel of the Philippine Coast Guard Zamboanga Station (PCGZS) on Sunday. A report coming from the [...] Read more


SEA GAMES MUAY THAI BRONZE… RYAN

03 Sep 2017 Hits:134 Be the first to comment!

El diaton Muay Thai Bronze medalist  si Ryan Tarang Jakiri , ta llama conele el “Pilipino assassin” , 25 años de edad, 5’8” el altor , casao cun May Libao [...] Read more


SEA GAMES PENCAK SILAT BRONZE ….JEFF

02 Sep 2017 Hits:131 Be the first to comment!

El diaton Pencak Silat Bronze medalist si Jefferson Rhey Abilay Loon , su palayao “Jeff”, 24 años de edad ,5’7” el altor , residente de Barangay San Roque , anak [...] Read more


SEA GAME BILLIARD STAR…. CHEZKA

01 Sep 2017 Hits:133 Be the first to comment!

El diaton Billiard Cue Star … Chezka Luy Centeno , 18 años el edad , residente de Veterans Avenue Extesion , Tetuan , Ciudad de Zamboanga ,6 sila man Hermana [...] Read more


City preps homecoming rites for SEA games medalists

31 Aug 2017 Hits:146 Be the first to comment!

The City Government is preparing a special homecoming ceremony for Zamboangueño athletes who reaped medals in the recently concluded 29th Southeast Asian Games in Kuala Lumpur Malaysia. At the same time, [...] Read more